R.K. Fashion Accessories Limited is a Kolkata-based company engaged in the manufacturing through contract manufacturers and wholesale distribution of fashion/imitation jewellery, along with the trading of branded cosmetics. Its jewellery portfolio includes bangles, bracelets, chains, earrings, rings, mangalsutras, jewellery sets and other imitation jewellery for wedding, festive and daily wear.
The Company operates through B2B wholesale, Shop-in-Shop (SIS) counters and online channels, with around 120 SIS counters through national retail partnerships. Its online business caters to both B2B and B2C customers through e-commerce platforms and its own websites.
The Company operates under the brands “City Girl” and “Manikya Jewellery”, offering wedding, regular-wear, Cubic Zirconia and American Diamond jewellery. It reported 63,665 online orders in Fiscal 2026 and revenue of ₹2,485.72 lakh through its City Girl and Manikya websites.
For Fiscal 2026, the Company reported revenue from operations of ₹3,035.71 lakh, with 95.16% from B2B and 4.84% from B2C operations.
As of March 31, 2026, it had 50 permanent employees and was expanding its B2C presence in Kolkata.
R.K.Fashion Accessories IPO – Details
| IPO Opening Date | 05 October 2026 |
| IPO Closing Date | 07 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 42,67,200 Shares Worth ₹34.99 Crore Fresh Issue: 42,67,200 Shares Worth ₹34.99 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 – ₹82 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
R.K.Fashion Accessories IPO – Date Schedule
| IPO Open Date | 05 October 2026 |
| IPO Close Date | 07 October 2026 |
| Basis of Allotment | 08 October 2026 |
| Initiation of Refund | 09 October 2026 |
| Credit of Shares to Demat | 09 October 2026 |
| IPO Listing Date | 10 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 07, 2026 |
R.K.Fashion Accessories IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,62,400 |
| Retail (Max) | 2 | 3200 | ₹2,62,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,93,600 |
| S-HNI (Max) | 7 | 11200 | ₹9,18,400 |
| B-HNI (Min) | 8 | 12800 | ₹10,49,600 |
Competitive Strength
- Traditional and contemporary jewellery portfolio.
- Strong B2B and e-commerce presence.
- Strategic corporate retail tie-ups.
- Consistent revenue growth.
- Multi-stage quality control process.
- Wide product range across multiple price points.
Company Promoters
- Md.Qasim
- Mohammed Usman
- Mohammed Imran
- Md.Aurangzeb
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹14.46 Cr | ₹13.43 Cr | ₹0.95 Cr | ₹0.61 Cr |
| 31 March 2025 | ₹17.82 Cr | ₹15.02 Cr | ₹2.00 Cr | ₹0.61 Cr |
| 31 March 2026 | ₹31.54 Cr | ₹23.25 Cr | ₹6.29 Cr | ₹1.70 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 48.40% |
| ROCE | 57.74% |
| Debt/Equity | 0.11 |
| RoNW | 38.90% |
| PAT Margin | 20.71% |
| EBITDA Margin | 28.06% |
| NAV | 14.37 |
| Price to Book Value | 5.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.59 | 4.05 |
| P/E (x) | 14.67 | 20.25 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet the working capital requirements. | ₹1.81 |
| To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal. | ₹8.80 |
| To Finance Establishment of-Proposed new B2B showroom in Kolkata. | ₹5.37 |
| To Finance Establishment of-Completion of B2C Stores in Kolkata. | ₹2.48 |
| To Finance Establishment of-Inventory cost for the proposed new showroom and stores. | ₹5.60 |
| General Corporate Purposes. | |
| To meet the offer related expenses. |
✅Strengths
- Diversified Products with jewellery, cosmetics and hotel rental income.
- Strong B2B Network with retailers and organized retail chains.
- Multiple Sales Channels across wholesale, SIS and online platforms.
- Growing Revenue from ₹1,328.49 lakh in FY2024 to ₹3,035.71 lakh in FY2026.
- Diversified Customers with top 10 customers contributing 15.15% of FY2026 sales.
⚠️Risks
- Regional Concentration with 86.32% of FY2026 revenue from Eastern India.
- Contract Manufacturing limits direct control over production and raw-material quality.
- Fashion Risk due to changing customer preferences and trends.
- Design Copying Risk as in-house designs lack registered IP protection.
- Inventory Risk from inaccurate demand forecasting and changing trends.
R.K.Fashion Accessories IPO Promoter Holding
| Pre-Issue Share Holding | 99.67% |
| Post Issue Share Holding | 72.26% |
R.K.Fashion Accessories IPO Prospectus
- R.K.Fashion Accessories IPO DRHP
- R.K.Fashion Accessories IPO RHP
Company Contact Information
| R.K.Fashion Accessories Limited Room No. A-201, 2nd Floor, Bagree Market 71 B. R. B. Basu Road, Kolkata, West Bengal, 700001 Phone: +91 8282052929 Email: cs@citygirljewellery.com Website: https://citygirljewellery.co.in/ |
R.K.Fashion Accessories IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
R.K.Fashion Accessories IPO Lead Manager(s)
| 1. Affinity Global Capital Market Pvt. Ltd. |
R.K.Fashion Accessories IPO FAQ
| What is the R.K.Fashion Accessories IPO? R.K.Fashion Accessories IPO is an SME IPO. The issue is priced at ₹77 – ₹82 per equity share. The IPO is to be listed on NSE SME. |
| When will R.K.Fashion Accessories IPO open? The IPO is to open on 05 October 2026 for QIB, NII and Retail Investors. |
| What is R.K.Fashion Accessories IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the R.K.Fashion Accessories IPO Size? R.K.Fashion Accessories IPO size is ₹34.99 Crore. |
| What are the R.K.Fashion Accessories IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,62,400, while the maximum bid is 3200 Shares for ₹2,62,400. |
| What is the R.K.Fashion Accessories IPO Allotment Date? R.K.Fashion Accessories IPO allotment date is 08 October 2026. |
| What is the R.K.Fashion Accessories IPO Listing Date? R.K.Fashion Accessories IPO listing date is 12 October 2026. The IPO is to be listed on the NSE SME. |
